The drop in U.S. crude oil and fuel inventories last week prompted a more than 1% gain in oil prices on Wednesday. The price increase was also aided by growing concerns of a tighter global supply as the result of the U.S. threat of tariffs on countries that buy Venezuelan crude oil. At one …
Crude oil stocks took another tumble in the most recent reporting period across the U.S. and the decline included the Cushing Hub in northern Oklahoma. The U.S. Energy Information administration reported the amount of crude oil held at the Cushing Hub declined by 1.8 million barrels from March 14 to the week of March …
The Oklahoma Senate has advanced Senate Bill 132, authored by Sen. George Burns, to address the growing number of shut-in gas wells across the state. The measure now heads to the House for consideration. A “shut-in gas well” refers to a well that is temporarily closed off, ceasing production, but can be brought back …
Energy Transfer is fighting the federal government over its enforcement of the U.S. pipeline safety law and a multi-million dollar fine from a fatal accident on its Panhandle Eastern gas pipeline. The 2020 accident happened in Kansas not far from where the pipeline starts in Amarillo, Texas. The Dallas-based company, with offices also in …
Devon Energy plans an early May release of its first-quarter 2025 financial reports and investors hope to make additional gains on its huge success in 2024. The Oklahoma City energy firm said the reports will be released on Tuesday, May 6 after the close of U.S. financial markets. The earnings release and presentation for …
The U.S. Chemical Safety and Hazard Investigation Board (CSB) released a second update on its ongoing investigation into the fatal hydrogen sulfide release that occurred on October 10, 2024, at the PEMEX Deer Park Refinery in Deer Park, Texas. Two contract workers died during the incident, and over 27,000 pounds of toxic hydrogen sulfide gas …
** The U.S. Supreme Court declines to hear Oregon youth’s climate lawsuit accusing the federal government’s fossil fuel-friendly policies of violating their constitutional rights, ending the decade-long case. ** Pilot Company (Pilot), General Motors and EVgo Inc. announced their collaborative network has reached more than 130 electric vehicle (EV) fast-charging locations in over 25 states. …
A move by Ukraine President Volodymyr Zelenskiy to agree to a truce with Russia about the Black Sea and energy infrastructure sent crude oil prices falling on Tuesday. The decline came despite oil price support following the announced sanctions by President Trump against countries that buy Venezuelan oil. West Texas Intermediate crude dropped 23 …
A new government study shows that energy consumption by the U.S. manufacturing sector not only continues to increase but its largest fuel use is natural gas. The study by the U.S. Energy Information administration, the Manufacturing Energy Consumption Surveys shows the third consecutive increase in energy consumed in the manufacturing sector since a low point …
A couple of legislators in West Texas say it’s time the oil and gas industry help pay for the damage to roads and bridges in the oil-producing counties. Their plan is to divert 10% of the nearly $8 billion that oil and gas companies pay in severance taxes to benefit the same counties that …
